Dep: GDP per capita growth

(1)

(2)

(3)

L1. GDPpcg

0.3203***

[0.0334]

0.2744***

[0.0421]

0.2138***

[0.0446]

Loggdppc

−0.3412***

[0.0870]

−0.5045***

[0.1014]

−0.6304***

[0.1021]

Capg

0.2600***

[0.0102]

0.2487***

[0.0092]

0.2425***

[0.0067]

Tech

0.2012***

[0.0340]

0.2483***

[0.0437]

0.2391***

[0.0400]

Humcap

0.5851***

[0.1625]

0.8106***

[0.1625]

0.5937***

[0.1563]

FDI

0.0549**

[0.0226]

0.0703**

[0.0318]

Trade

0.5277***

[0.1106]

N

315

261

260

No. of Group

29

29

29

No. of IVs

26

26

27

AR(2) test

0.709

0.864

0.959

Sargan test

0.309

0.215

0.160

Hansen test

0.563

0.512

0.684